Holding my horses for now

[buwaytress]

Or maybe just not play the game and DCA? I know it's a tired mantra but it hasn't stopped working for me and loads of others. Why worry? Excel at other parts of your life, get going in real life, and just DCA knowing all of this has happened before (and will happen again).

We're back above $30k (as expected on Monday), but once more failing to find much footing there. It'll be an achievement if we hold above this for a full 24 hours...

[bitterguy28]

Market conditions are still red, so we have to be patient, I think holding is a better thing, I always believe that the price of bitcoin will go up soon, if we panic by selling bitcoin now then I'm sure tomorrow we will regret it, daily transaction volume makes us worthy to be optimistic about the future of bitcoin.

that is what OP is doing now lol, he seems to be trying to keep His funds for safer positioning and this is why he is holding His Horses , because there is no need for selling as the cheapest value are what we having these days .
then why sell instead of losing? while there are so much to expect in the coming years or maybe just this end year alone .

Normally panic sells is cause of fearing on making their investment goes to zero thats why people do normally made out such common reaction which is something not really that surprising or most people do commit

out and for those who had able to learn up from their past mistakes will really be that aware on what are the things that they should do in times like this which is something in related to holding or someone do really even tend  to DCA which is mostly been advised or suggested by those people who do have enough funds to make such step or action.

Whether you do hold or sell its up to you but its dumb on panic selling or selling on loss if you could actually wait for recovery of the market.

and that is attitude mate , because we must not get panic if we knew what we are dealing and knew the market and understand how this works.

OP decide to keep his funds Intact and for me this is the attitude bitcoin needs to progress more, though the idea must be spent yet we have idea on why we must hold sometimes and when we need to sell.

[cryptomaniac_xxx]

We're back above $30k (as expected on Monday), but once more failing to find much footing there. It'll be an achievement if we hold above this for a full 24 hours...

Hah, haven't check the price this past 24 hours and surprised, surprised, we are back in the $30k'ish. But nothing to celebrate here, perhaps investors put their money, or shall I say short day traders and speculators, trying to squeeze some profit at this bear market.

As for the DCA, yeah, it's proven strategy already, it has been advised many tiems and so far no can argue against this time and proven method.

[Baofeng]

We're back above $30k (as expected on Monday), but once more failing to find much footing there. It'll be an achievement if we hold above this for a full 24 hours...

Hah, haven't check the price this past 24 hours and surprised, surprised, we are back in the $30k'ish. But nothing to celebrate here, perhaps investors put their money, or shall I say short day traders and speculators, trying to squeeze some profit at this bear market.

As for the DCA, yeah, it's proven strategy already, it has been advised many times and so far no can argue against this time and proven method.

And we've moved to $31k, and probably might attempt to get into the $32k and most likely will end what the week with 9th consecutive candles? If that happens then maybe, June might be a good month after all as we have a break out run then.

That's just bitcoin proving it's resiliency, we might be in a bear market, but from time to time we will see some good bounce back,

[LogitechMouse]

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.

This is the reason why dollar-cost averaging is one of the best, if not the best strategy in buying Bitcoin.

We don't know if Bitcoin will go down or up right? Don't just buy Bitcoin all at once but buy in portions. You can buy weekly or bi-weekly or anytime you want but don't buy at once since you've already said that it might dip down more. It's proven that it is working already and it lessens your risk as well.

[buwaytress]

Hah, haven't check the price this past 24 hours and surprised, surprised, we are back in the $30k'ish. But nothing to celebrate here, perhaps investors put their money, or shall I say short day traders and speculators, trying to squeeze some profit at this bear market.

As for the DCA, yeah, it's proven strategy already, it has been advised many times and so far no can argue against this time and proven method.

And we've moved to $31k, and probably might attempt to get into the $32k and most likely will end what the week with 9th consecutive candles? If that happens then maybe, June might be a good month after all as we have a break out run then.

That's just bitcoin proving it's resiliency, we might be in a bear market, but from time to time we will see some good bounce back,

OK, fine, so we've held above the line for the full 24 hours I'd hoped for. Not only that, edged up higher into $31k territory (though volatility has racked up a notch now, European market open has caused a near 32 attempt to fall back about $500.

Thing to note though is that stocks have generally rallied as well and some US shares are even doing better than Bitcoin, so this could simply be a correlation thing once more.

Inflation numbers coming, Fed to raise interest again, so we could very well see a tumble.

[tygeade]

We're back above $30k (as expected on Monday), but once more failing to find much footing there. It'll be an achievement if we hold above this for a full 24 hours...

Hah, haven't check the price this past 24 hours and surprised, surprised, we are back in the $30k'ish. But nothing to celebrate here, perhaps investors put their money, or shall I say short day traders and speculators, trying to squeeze some profit at this bear market.

As for the DCA, yeah, it's proven strategy already, it has been advised many tiems and so far no can argue against this time and proven method.

It is definitely a good feeling to see bitcoin reaching above 31k again, but we need to reach to a lot higher prices already, it keeps going above 31k. I do not know when the first time happened but it has been a while. I feel like market is congested around these prices and it is becoming unprofitable to keep staying here.

I am a long term investor and even I am bored about it, not because I may lose money, but because I feel like there is absolutely nothing that would make it entertaining anymore to invest. Yes, we should invest for money and not fun, but at some points it is just not making you feel like you should invest.

[bitterguy28]

Market conditions are still red, so we have to be patient, I think holding is a better thing, I always believe that the price of bitcoin will go up soon, if we panic by selling bitcoin now then I'm sure tomorrow we will regret it, daily transaction volume makes us worthy to be optimistic about the future of bitcoin.

that is what OP is doing now lol, he seems to be trying to keep His funds for safer positioning and this is why he is holding His Horses , because there is no need for selling as the cheapest value are what we having these days .
then why sell instead of losing? while there are so much to expect in the coming years or maybe just this end year alone .

Normally panic sells is cause of fearing on making their investment goes to zero thats why people do normally made out such common reaction which is something not really that surprising or most people do commit

that is exaggerating part mate  Going to zero?  nope that is wrong, panic selling happens when the investors think that His coins is going dump so instead of waiting to lose? they tend to sell so they can wait for another dump in buying more.

out and for those who had able to learn up from their past mistakes will really be that aware on what are the things that they should do in times like this which is something in related to holding or someone do really even tend  to DCA which is mostly been advised or suggested by those people who do have enough funds to make such step or action.

but some don't know to use DCA , yet we are advised to learn first before engaging to invest.

Whether you do hold or sell its up to you but its dumb on panic selling or selling on loss if you could actually wait for recovery of the market.

it is easy for you to say , but it is not .. remember that if your money is inside the coin that you don't fully trust ?

[rodskee]

We're back above $30k (as expected on Monday), but once more failing to find much footing there. It'll be an achievement if we hold above this for a full 24 hours...

Hah, haven't check the price this past 24 hours and surprised, surprised, we are back in the $30k'ish. But nothing to celebrate here, perhaps investors put their money, or shall I say short day traders and speculators, trying to squeeze some profit at this bear market.

As for the DCA, yeah, it's proven strategy already, it has been advised many tiems and so far no can argue against this time and proven method.

It is definitely a good feeling to see bitcoin reaching above 31k again, but we need to reach to a lot higher prices already, it keeps going above 31k. I do not know when the first time happened but it has been a while. I feel like market is congested around these prices and it is becoming unprofitable to keep staying here.

I am a long term investor and even I am bored about it, not because I may lose money, but because I feel like there is absolutely nothing that would make it entertaining anymore to invest. Yes, we should invest for money and not fun, but at some points it is just not making you feel like you should invest.

I can feel you mate , Holding nowadays are boring type of strategy and this is why nowadays ? i consider buying and selling , my former 5 coins? now it turns to 2 in holding and the other is for short term so i will still enjoy the trading and my funds here and there.
i already made my funds x5 from the initial investment so i think it is enough to play for it .

[DireWolfM14]

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.

If you're thinking about from a long-term investment strategy it doesn't matter when you buy.  I purchase a little bit of bitcoin every month.  I bought when it was $60k, I bought when was $28k.  I'll buy if it drops to $19, and and I'll buy when it pumps to $100k.  I'm playing the long game, so the current price is really not as important as the over-all average price of my bitcoin purchases.

[Oilacris]

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.

If you're thinking about from a long-term investment strategy it doesn't matter when you buy.  I purchase a little bit of bitcoin every month.  I bought when it was $60k, I bought when was $28k.  I'll buy if it drops to $19, and and I'll buy when it pumps to $100k.  I'm playing the long game, so the current price is really not as important as the over-all average price of my bitcoin purchases.

When you are going for long term runs then price wont really be mattering much whatever the price point you would tend to get in and this would depend on someones perspective whether they would

be going for long term or going for short term.So it do vary on someones plans or target because not all would really be having the same thing in mind and even myself do accumulate
little by little.I do have some funds for short term trades and i do allocate something which is good for long term so that i wont really be stressing out much
when it comes to price movement.

[Oceat]

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.

This is the reason why dollar-cost averaging is one of the best, if not the best strategy in buying Bitcoin.

We don't know if Bitcoin will go down or up right? Don't just buy Bitcoin all at once but buy in portions. You can buy weekly or bi-weekly or anytime you want but don't buy at once since you've already said that it might dip down more. It's proven that it is working already and it lessens your risk as well.

And look at the price right now? Some thought it would go dip even more till $25k but I didn't expect this either when the price suddenly hit $31k this time. Perhaps this is just a temporary pump so that most traders will be able to gain some profit for buying that $28k price then it might proceed to drop again thrn continue to $25k-ish, who knows?

It's better to hold if you are planning on a long term investment then buy some portion of the dip so that you won't feeling like missing out.

[STT]

Dollar cost average would work because you only have to be roughly right to benefit and its certainly far easier then watching every day in the middle of so much noise.   The ironic thing I've seen many times is the best time to buy is when the price is at higher cost then it was a week ago, if that continually happens you are benefitting.   A lower price can just mean in future its a lower still and thats harder to take, people get fed up and stop just as the bottom prices are occurring as often sentiment also reaches a low.  
  DCA but watching other factors seems good, like the current Dollar index is rated same as prior to bailouts from the pandemic.   Whatever your views on if that money should have been spent, its meant the dollar was diluted yet here we are.   I would only seriously state its relevance as a weather indicator, if do go down from here then its likely a high tide mark where currency appears weaker & a path for higher BTC is more easily found.

[Kemarit]

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.

If you're thinking about from a long-term investment strategy it doesn't matter when you buy.  I purchase a little bit of bitcoin every month.  I bought when it was $60k, I bought when was $28k.  I'll buy if it drops to $19, and and I'll buy when it pumps to $100k.  I'm playing the long game, so the current price is really not as important as the over-all average price of my bitcoin purchases.

That is the key, being to hold long term and buy every dip. So it doesn't matter what price you brought them, as long as you are going to lit your Bitcoin sit in your wallet for a long time and then maybe sell in a bull run to realized your profits.

DCA, buying at the dip, every strategy is going to work in your favor. As for the price, waiting to see if we can to $32,000 this start of June.

[Reatim]

I agree that investing will make our lives better, if we only rely on monthly income from salary, it will be difficult to develop, inflation that continues to increase makes needs continue to increase and our finances are often negative, crypto provides short -term solutions for the long run so worth we make the first choice investment.

but on what and where we will  be investing because this is the most important part of this advise, are we knowledgeable in that area? because if not then there is no sense to invest at all in things that you dont  understand lol.

there are many investors here that becomes a loser and never recovered because of their nature and noob character .

remember that this is crypto , and everything moves in different ways in short period of time .

[Chato1977]

I agree that investing will make our lives better, if we only rely on monthly income from salary, it will be difficult to develop, inflation that continues to increase makes needs continue to increase and our finances are often negative, crypto provides short -term solutions for the long run so worth we make the first choice investment.

Investing will help you out if you know what you are entering for , but if not? then maybe you will surely lose everything and wont recover everything. only deal in crypto if you understand the manner of cryptocurrencies and if you can find which is the right coin and when i the right timing,

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.

we don't know for sure how far the decline will continue, but buying Bitcoin at 30k is a huge advantage.
but I think differently that the decline in price has ended, now the price tends to stabilize, there has been no significant movement in the last 24 hours, so I think it is possible to say that the decline is over and we are waiting for the Bitcoin price to rise.

what significant movement ? can't you understand the market? it is almost the same what we have in the last few weeks , and still struggling to break the 30k price.

[Wong Gendheng]

The market situation that is still red makes us have to be patient, don't panic if you look at the red market, if we have more money then buying immediately is a very profitable thing, it's been 3 days the price of Bitcoin is not dropped below $ 30k and in my opinion this is a good sign that the market immediately risping again. I'm sure if we buy now then we can profit at least 10% in a month.

[Ararbermas]

Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.

its not the same mate because you will end up losses even you keep adding when everytime the price of bitcoin is fluctuating, and it didn't make sense to be honest, wherein, much better to wait for the right time and don't be greedy to prevent losses.
Read some news instead and keep monitoring the market to get the right timing to buy, no need to rush when it comes buying be patient !

[slaman29]

Dollar cost average would work because you only have to be roughly right to benefit and its certainly far easier then watching every day in the middle of so much noise.   The ironic thing I've seen many times is the best time to buy is when the price is at higher cost then it was a week ago, if that continually happens you are benefitting.   A lower price can just mean in future its a lower still and thats harder to take, people get fed up and stop just as the bottom prices are occurring as often sentiment also reaches a low.  
  DCA but watching other factors seems good, like the current Dollar index is rated same as prior to bailouts from the pandemic.   Whatever your views on if that money should have been spent, its meant the dollar was diluted yet here we are.   I would only seriously state its relevance as a weather indicator, if do go down from here then its likely a high tide mark where currency appears weaker & a path for higher BTC is more easily found.

I always think DCA with all those other improvements are good, watching dollar index, watching fear and greed etc but at the end of the day, are we really good enough to make more than 10% or 20% more every DCA buy if we do that? And if most people are like me putting in $20 or $50 or maybe even $100 at a time, does it really make such a difference?

I learn more and more to just patiently DCA, whatever the price, and then get on with life. More relaxing, you still gain long term benefits and you don't lose sleep

[milewilda]

Dollar cost average would work because you only have to be roughly right to benefit and its certainly far easier then watching every day in the middle of so much noise.   The ironic thing I've seen many times is the best time to buy is when the price is at higher cost then it was a week ago, if that continually happens you are benefitting.   A lower price can just mean in future its a lower still and thats harder to take, people get fed up and stop just as the bottom prices are occurring as often sentiment also reaches a low.  
  DCA but watching other factors seems good, like the current Dollar index is rated same as prior to bailouts from the pandemic.   Whatever your views on if that money should have been spent, its meant the dollar was diluted yet here we are.   I would only seriously state its relevance as a weather indicator, if do go down from here then its likely a high tide mark where currency appears weaker & a path for higher BTC is more easily found.

I always think DCA with all those other improvements are good, watching dollar index, watching fear and greed etc but at the end of the day, are we really good enough to make more than 10% or 20% more every DCA buy if we do that? And if most people are like me putting in $20 or $50 or maybe even $100 at a time, does it really make such a difference?

I learn more and more to just patiently DCA, whatever the price, and then get on with life. More relaxing, you still gain long term benefits and you don't lose sleep

DCA would be the key but only to those people who do have money to invest on but for those who dont have then the thing they would only do is to see their investment on a stable manner or something that they couldnt do something because of lack of funds which means that they would be holding their assets until the market would really make out some significant rise or make some reversal.
Myself had already accumulate when bitcoin drops less 30k level point which i can say a good entry or buy point but it would be still risk since we dont know if this one turns out to be a
dead cat bounce.